Filing Flows › Willis Lease Finance (WLFC) › Q2 2026
Willis Lease Finance (WLFC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Willis Lease Finance (WLFC) reported revenue of $194M for the second quarter 2026 (Q2 2026), -0.8% from a year earlier and -0.2% from the quarter before. Operating margin was 17.5%, net earnings $30.3M (15.6% of revenue).
Willis Lease Finance, Q2 2026: revenue $194M (-0.8% year over year), operating margin 17.5%, net earnings $30.3M, operating cash flow $77.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $194M | -0.2% | -0.8% |
| Operating profit | $34.0M | +0.6% | +20% |
| Net earnings | $30.3M | +21% | -50% |
| Operating cash flow | $77.5M | +37% | -26% |
| Free cash flow | $74.8M | +41% | -21% |
What changed
Revenue was $194.0M in Q2 2026, down 1% year over year and roughly flat from the previous quarter.
Operating profit was $34.0M, a 17.5% margin (up 3.1 points year over year). Total costs fell 4% while revenue fell 1%. The fastest-growing cost line was General & admin (+10%). Net earnings were $30.2M, down 50% year over year. The effective tax rate was 20.5%.
Operating cash flow was $77.5M (down 26% year over year), 256% of net earnings. Non-cash charges added back $29.1M of depreciation and amortization and $12.7M of share-based compensation. Working capital and other items added $5.4M. Capital expenditures of $2.7M left free cash flow of $74.8M.
Questions
What was Willis Lease Finance's revenue in the second quarter 2026?
Willis Lease Finance (WLFC) reported revenue of $194M for the second quarter 2026 (Q2 2026), -0.8% from a year earlier and -0.2% from the quarter before.
Was Willis Lease Finance profitable in the second quarter 2026?
Operating profit was $34.0M (17.5% of revenue) and net earnings $30.3M.